Kopin Secures $14 Million Order for Thermal Imaging Assembly
Kopin (NASDAQ: KOPN) has secured a significant $14 million order for custom thermal imaging assemblies from a leading defense prime contractor. The customer has also authorized an additional $5.3 million in materials procurement for anticipated future production.
The eyepiece assembly is designed for a detachable weapon system that enhances warfighters' target acquisition capabilities in challenging conditions, including night operations and through smoke or fog. The system integrates Kopin's proprietary display, optic, electronic, and housing technologies.
This order is part of a multi-year full-scale production program, building on Kopin's track record of delivering over 400,000 mission-critical solutions across multiple generations of defense programs.
Kopin (NASDAQ: KOPN) ha ottenuto un significativo ordine di 14 milioni di dollari per assemblaggi personalizzati di imaging termico da un importante appaltatore principale nel settore della difesa. Il cliente ha inoltre autorizzato un ulteriore 5,3 milioni di dollari per l'acquisto di materiali per la produzione futura prevista.
L'assemblaggio dell'oculare è progettato per un sistema d'arma rimovibile che migliora le capacità di acquisizione dei bersagli dei combattenti in condizioni difficili, comprese le operazioni notturne e attraverso fumi o nebbia. Il sistema integra le tecnologie proprietarie di visualizzazione, ottica, elettronica e di alloggiamento di Kopin.
Questo ordine fa parte di un programma di produzione su larga scala pluriennale, che si basa sul track record di Kopin di aver fornito oltre 400.000 soluzioni critiche per la missione attraverso più generazioni di programmi di difesa.
Kopin (NASDAQ: KOPN) ha asegurado un pedido significativo de 14 millones de dólares para ensamblajes personalizados de imágenes térmicas de un importante contratista principal de defensa. El cliente también ha autorizado un adicional de 5,3 millones de dólares para la adquisición de materiales para la producción futura anticipada.
El ensamblaje del ocular está diseñado para un sistema de armas desmontable que mejora las capacidades de adquisición de objetivos de los combatientes en condiciones desafiantes, incluidas las operaciones nocturnas y a través de humo o niebla. El sistema integra las tecnologías de visualización, óptica, electrónica y de alojamiento patentadas de Kopin.
Este pedido es parte de un programa de producción a gran escala de varios años, que se basa en el historial de Kopin de haber entregado más de 400.000 soluciones críticas para la misión a través de múltiples generaciones de programas de defensa.
코핀 (NASDAQ: KOPN)은 주요 방산 계약자로부터 맞춤형 열화상 조립품에 대해 1400만 달러 규모의 주문을 확보했습니다. 고객은 또한 예상되는 미래 생산을 위해 530만 달러의 추가 자재 조달을 승인했습니다.
아이피스 조립품은 전투원들이 야간 작전 및 연기나 안개 속에서도 목표를 획득할 수 있는 능력을 향상시키는 분리형 무기 시스템을 위해 설계되었습니다. 이 시스템은 코핀의 독자적인 디스플레이, 광학, 전자 및 하우징 기술을 통합합니다.
이번 주문은 다년간의 대규모 생산 프로그램의 일환으로, 코핀의 방산 프로그램 여러 세대에 걸쳐 40만 개 이상의 임무 필수 솔루션을 제공한 기록을 기반으로 하고 있습니다.
Kopin (NASDAQ: KOPN) a sécurisé une commande significative de 14 millions de dollars pour des ensembles d'imagerie thermique personnalisés d'un important entrepreneur principal de défense. Le client a également autorisé un supplément de 5,3 millions de dollars pour l'acquisition de matériaux pour la production future anticipée.
L'assemblage de l'oculaire est conçu pour un système d'arme détachable qui améliore les capacités d'acquisition de cibles des combattants dans des conditions difficiles, y compris les opérations nocturnes et à travers la fumée ou le brouillard. Le système intègre les technologies propriétaires d'affichage, d'optique, d'électronique et de boîtier de Kopin.
Cette commande fait partie d'un programme de production à grande échelle sur plusieurs années, s'appuyant sur le bilan de Kopin qui a livré plus de 400 000 solutions critiques pour la mission à travers plusieurs générations de programmes de défense.
Kopin (NASDAQ: KOPN) hat einen bedeutenden Bestellung über 14 Millionen Dollar für maßgeschneiderte Wärmebildbaugruppen von einem führenden Verteidigungsauftragnehmer erhalten. Der Kunde hat außerdem zusätzliche 5,3 Millionen Dollar für den Materialeinkauf für die erwartete zukünftige Produktion genehmigt.
Die Okularbaugruppe ist für ein abnehmbares Waffensystem konzipiert, das die Zielerfassungsfähigkeiten der Soldaten unter schwierigen Bedingungen, einschließlich Nachtoperationen und durch Rauch oder Nebel, verbessert. Das System integriert Kopins proprietäre Technologien für Anzeige, Optik, Elektronik und Gehäuse.
Diese Bestellung ist Teil eines mehrjährigen Großproduktionsprogramms, das auf Kopins Erfolgsbilanz von über 400.000 einsatzkritischen Lösungen über mehrere Generationen von Verteidigungsprogrammen aufbaut.
- Secured substantial $14 million order for thermal imaging assemblies
- Additional $5.3 million materials procurement authorization for future orders
- Part of a multi-year full-scale production program indicating long-term revenue potential
- Proven track record with over 400,000 mission-critical solutions delivered
- None.
In addition to production order, customer additionally authorized
The eyepiece assembly is part of a detachable weapon system that enables warfighters to acquire targets in hostile conditions—day or night, and even through smoke or fog—dramatically boosting their ”stand-off advantage” and combat effectiveness on the battlefield. This eyepiece assembly integrates Kopin’s proprietary display, optic, electronic and housing technologies in a robust assembly.
“This purchase order is a part of a multi-year full-scale production program, showcasing Kopin’s expertise in the design and production of advanced high resolution microdisplays, optics, drive electronics and ruggedized housings for weapon sights and other mission critical applications,” said Bill Maffucci, Senior Vice President, Business Development and Strategy. “Kopin’s solider system solutions help to improve warfighters’ situational awareness with vision systems that enable our women and men in the armed forces to maintain a combat advantage.
“Our proven track record of delivering over 400,000 mission critical solutions across several generations of defense programs has been reaffirmed by this order. We look forward to continuing our collaboration on this program and other vital projects,” said Maffucci.
About Kopin
Kopin Corporation is a leading developer and provider of innovative display, and application-specific optical solutions sold as critical components and subassemblies for defense, enterprise, professional and consumer products. Kopin’s portfolio includes microdisplays, display modules, eyepiece assemblies, image projection modules, and vehicle mounted and head-mounted display systems that incorporate ultra-small high-resolution Active Matrix Liquid Crystal displays (AMLCD), Ferroelectric Liquid Crystal on Silicon (FLCoS) displays, MicroLED displays (µLED) and Organic Light Emitting Diode (OLED) displays, a variety of optics, and low-power ASICs. For more information, please visit Kopin’s website at www.kopin.com. Kopin is a trademark of Kopin Corporation.
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Forward Looking Statements
Statements in this press release may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which are subject to the safe harbor created by such sections. Words such as “expects,” “believes,” “can,” “will,” “estimates,” and variations of such words and similar expressions, and the negatives thereof, are intended to identify such forward-looking statements. We caution readers not to place undue reliance on any such “forward-looking statements,” which speak only as of the date made, and advise readers that these forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties, estimates, and assumptions by us that are difficult to predict. These forward-looking statements may include statements with respect to our expectation of a future order and our belief that our eyepiece assemblies dramatically boosting warfighters ”stand-off advantage” and combat effectiveness on the battlefield. Various factors, some of which are beyond our control, could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. All such forward-looking statements, whether written or oral, and whether made by us or on our behalf, are expressly qualified by these cautionary statements and any other cautionary statements that may accompany the forward-looking statements. In addition, we disclaim any obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as may otherwise be required by the federal securities laws. These forward-looking statements are only predictions, subject to risks and uncertainties, and actual results could differ materially from those discussed. Important factors that could affect performance and cause results to differ materially from management’s expectations are described in Part I, Item 1A. Risk Factors; Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations; and other parts of our Annual Report on Form 10-K for the fiscal year ended December 30, 2023, or as updated from time to time by our Securities and Exchange Commission filings.
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Kopin Contact Information
Richard Sneider, Treasurer and Chief Financial Officer
Richard_Sneider@kopin.com
508-870-5959
MZ Contact
Brian M. Prenoveau, CFA
MZ Group – MZ North America
KOPN@mzgroup.us
561-489-5315
Lightspeed PR Contact
Grace Halvorsen
Lightspeed PR/M
Kopin@lightspeedpr.com
Source: Kopin Corporation
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